AngloGold Ashanti Limited reported full year production for the year ended December 31, 2017. For the period the company reported 3.755 Moz compared to 3.628 Moz a year ago. Notably, the Company achieved a stronger performance in the second half of 2017, producing 2.007 Moz compared to 1.748 Moz in the first half, an increase of 15%.

For the year ended December 31, 2017 the company provided earnings guidance. For the period the company expects headline earnings for the period are expected to be between $16 million and $38 million, with headline earnings per share of between 4 cents and 9 cents. Headline earnings and HEPS for the comparative period were $111 million and 27 cents, respectively. The basic loss for the period is expected to be between $180 million and $200 million, resulting in a basic loss per share of between 43 cents and 48 cents. Basic earnings and earnings per share for the comparative period were $63 million and 15 cents, respectively. The expected overall decreases in headline earnings and basic earnings for the period compared to the comparative period were primarily due to the following reasons, which were previously disclosed to the market during the course of 2017: non-cash impairment and de recognition of certain of the South African assets and goodwill, largely as a result of the restructuring and disposal of the related assets, affecting only basic earnings by an amount of $221 million or 53 cents per share, retrenchment costs relating primarily to the restructured South African operations of $71 million or 17 cents per share (cash impact of $49 million); and a once-off non-cash provision in respect of the estimated costs of the settlement of the silicosis class action claims and related expenditure, of $46 million or 11 cents per share.